Overview
What is Wisconsin Latvian Credit Union?
Wisconsin Latvian Credit Union is a cooperative, non-profit organization based in Milwaukee, Wisconsin. Established with a mission to promote thrift among its members and offer them a reliable source of credit at reasonable costs, the credit union serves 379 individuals as of December 31, 2022. During the same year, the credit union expanded its membership by opening 3 new deposit, transaction, and investment accounts. As a non-profit entity, its aim is to improve the economic and social conditions of its members. The credit union operates based on the principles of cooperation and mutual assistance.
Official website here: www.wislat.com
Is Wisconsin Latvian Credit Union legitimate?
Wisconsin Latvian Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wisconsin Latvian Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $19,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,619
For more financial information, click here
Official website here: www.wislat.com
What is the mission statement of Wisconsin Latvian Credit Union?
Wisconsin Latvian Credit Union, as a cooperative and non-profit organization, is established with the objective of fostering savings among its members, offering affordable credit, and providing a platform for its members to enhance their economic and social standing. Its mission is to serve as a reliable source of deposits, transactions, and investments, all while maintaining fair and reasonable costs. By doing so, the credit union aims to contribute positively to its members' financial well-being. As of December 31, 2022, it serves 379 members and opened three new accounts during that year.
Official website here: www.wislat.com
Who is the CEO of Wisconsin Latvian Credit Union?
John Staks is the Secretary/Treasurer of Wisconsin Latvian Credit Union.
Official website here: www.wislat.com
What is the revenue of Wisconsin Latvian Credit Union?
Wisconsin Latvian Credit Union's revenue in 2022 was $90,732.
Official website here: www.wislat.com
Who are the executives of Wisconsin Latvian Credit Union and what are their salaries?
The average compensation at Wisconsin Latvian Credit Union during 2022 was $12,880. There are 2 employees and 9 volunteers at Wisconsin Latvian Credit Union.
Here are 7 key members and their salaries:
- Compensation: $19,140
- Related: $0
- Other: $4,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wislat.com
Where can I find the form 990 for Wisconsin Latvian Credit Union?
Wisconsin Latvian Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wislat.com
Learn more at the official website: www.wislat.com
Mission Statement of Wisconsin Latvian Credit Union
Wisconsin Latvian Credit Union, established as a cooperative and non-profit corporation, is dedicated to promoting savings among its members and offering them a reliable and reasonably priced source of credit. Its primary objective is to enhance the economic and social conditions of its members. The credit union aims to achieve this by encouraging savings, providing loans, and offering opportunities for its members to improve their financial well-being. In 2022, the credit union welcomed 3 new members, further expanding its member base.
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Impact
October, 2024
Wisconsin Latvian Credit Union plays a significant role in fostering financial stability and economic empowerment within its community. By encouraging thrift among its 379 members as of December 31, 2022, the credit union promotes responsible saving and investment practices. It offers a variety of deposit, transaction, and investment accounts, enabling members to effectively manage their finances.
The Credit Union provides access to fair and reasonable credit, ensuring that members can secure loans without the burden of excessive costs. This support is vital in helping individuals improve their economic circumstances. Throughout 2022, the Credit Union made strides by opening three new accounts, further expanding the financial resources available to its members.
Located in Milwaukee, Wisconsin, the Credit Union is dedicated to enhancing the social conditions of its members, offering them opportunities to improve their overall economic wellbeing. Its cooperative nature fosters a sense of community and mutual support, empowering individuals to achieve their financial goals while strengthening the broader economic landscape of the region.
This information is meant to be a general summary of Wisconsin Latvian Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,675
- Program Service Revenue: $86,057
- Gross Receipts: $90,732
Assets and Liabilities:
- Total Assets: $3,189,073
- Total Liabilities: $2,885,206
- Net Assets: $303,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$72,120
Fees and Charges
Revenue
$13,937
Organization Details
Founding Year
1961
Phone
(414) 332-1744Principal Officer
John Staks
Main Address
PO Box 510167, Milwaukee, WI, 532030035
Website
www.wislat.comNTEE Category
Code: W60 - Public benefit
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